Terms & Conditions > Training Related Agreements

Resolution

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Resolution

Summary

This Resolution can be used where the trustees / directors / members / partners of a legal entity such as a trust, company, partnership or close corporation need to pass a resolution in order for the organisation to enter into a transaction, agreement, or conduct a particular activity.

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Why do I need a Resolution?

Before an organisation can enter into a transaction or legal agreement, or conduct particular activities, the consent of the trustees / directors / members / partners is required. This resolution serves to record the consent.

What type of business should use a Resolution?

If your business is a legal entity with more than one trustee / director / member / partner, then this Resolution can be used to authorise the organisation to enter into transactions, agreements, or conduct particular activities.

What does the Resolution say?
The Resolution consists of:

The details of the into a transaction, agreement, or activity
The details of the person authorised to enter into the transaction, agreement, or activity on the legal entity’s behalf

What does the Resolution look like?

The agreement can be printed onto one A4 page.

What do you need to do to use the Resolution?

Read the document to ensure that it suits your requirements. Make changes as required.
Complete the relevant details, and get the trustees / directors / members / partners to sign.

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